Notes to Accounts of Anjani Foods Ltd.

Mar 31, 2014

1. Note:

Note: Section 205 of the Companies Act, 1956 mandates that companies
transfer dividend/depoists that has been unclaimed for a period of
seven years from unpaid dividend/deposit account to the Investor
Education and Protection Fund (IEPF). Accordingly, if dividend/deposit
is unclaimed for a period of seven years, it will be transferred to
IEPF.

2. Estimated amount of contracts, remaining to be executed on Capital
account and notprovided for (net of advances) Rs. Nil (Previous year
Rs. Nil).

3. CONTINGENT LIABILITIES NOT PROVIDED FOR:

I. Disputed Income Tax demands year 1998-99 Rs. 6.80 lakhs towards in
respect of which company has filed an appeal with Commissioner Income
Tax (Appeals).

II. Disputed Income Tax Liability for A.Y.2004-05 Rs. 9.78 lakhs
towards lease income from buildings in respect of which the company has
filed an appeal with Commissioner Income Tax (Appeals).

4. During the year the Company has sold some of the fixed assets for
Rs. 5.50 Crores where book value is Rs. 5.92 Crores resulting in a loss
of Rs. 0.43 Crores which is shown as exceptional item in the profit and
loss account. The Company''s Subsidiary has made a turnover of Rs. 22.34
crores during the financial year 2013-14. The Company has initiated the
merger process to merge the subsidiary company. In order to meet the
growing demands of food industry, the Company has acquired 5.5 acres of
additional land beside the existing facilities of the subsidiary
company. Further the Company has plans to start a huge food park which
includes manufacturing of bakery products, milk products and short eats
etc.,

5. The Company has made relevant disclosures which are applicable as
per revised schedule VI and the figures for the previous years are
reclassified / regrouped and rearranged wherever necessary.

Mar 31, 2012

Notes :

a) The term loan from Indian Overseas Bank, Bhimavaram Branch, is
secured against the Lease Rentals receivable on the buildings let out
to Sri Vishnu Educational Society, Bhimavaram. Further they are secured
by equitable mortgage on land and building situated at Bhimavaram. Sri
K.V. Vishnu Raju, Chairman of the Company in his personal capacity and
Sri Vishnu Educational Society stood as guarantors for the said loan.

b) Terms of Repayment

Loans taken from Indian Overseas Bank is repayable in 81 Equated
Monthly Installment of Rs.7,49,696/- each commencing from April 2011;
Interest @13.25%.

Note:

Section 205 of the Companies Act, 1956 mandates that companies transfer
dividend/depoists that has been unclaimed for a period of seven years
from unpaid dividend/deposit account to the Investor Education and
Protection Fund (IEPF). Accordingly, if dividend/deposit is unclaimed
for a period of seven years, it will be transferred to IEPF.

1. Estimated amount of contracts, remaining to be executed on Capital
account and not provided for (net of advances) Rs.Nil (Previousyear
Rs.Nil).

2. CONTINGENT LIABILITIES NOT PROVIDED FOR:

I. Disputed Income Tax demands year 1998-99 Rs.6.80 Lakhs towards in
respect of which company has filed an appeal with Commissioner Income
Tax (Appeals).

II. Disputed Income Tax Liability for A.'Y.2004-05 Rs.9.78 takhs towards
lease income from buildings in respect of which the company has filed
an appeal with Commissioner Income Tax (Appeals).

5. The Company has made relevant disclosures which are applicable as
per revised schedule VI and the figures for the previous years are
reclassified / regrouped and rearranged wherever necessary.

Mar 31, 2011

1. Estimated amount of contracts, remaining to be executed on Capital
account and not provided for (net of advances) Rs. Nil (Previous year Rs.
Nil).

2. CONTINGENT LIABILITIES NOT PROVIDED FOR:

i) Disputed Income Tax demands year 1 998-99 Rs. 6.80 lakhs towards in
respect of which company has filed an appeal with Commissioner Income
Tax (Appeals).

ii) Disputed Income Tax Liability for A.Y.2004-05 Rs. 9.78 lakhs towards
lease income from buildings in respect of which the company has filed
an appeal with Commissioner Income Tax (Appeals).

3. Buildings situated at Bhimavaram, W.G.District are constructed on a
land belonging to Sri Vishnu Educa- tional Society, a society
registered under the Public Registration Societies Act, 1 860.

4. Aggregated Related Party Disclosures Related Parties

5. The term loan from Indian Overseas Bank, Bhimavaram Branch, is
secured against the Lease Rentals receiv- able on the buildings let out
to Sri Vishnu Educational Society, Bhimavaram. Further they are secured
by equitable mortgage on land and building situated at Bhimavaram. Sri
K.V.Vishnu Raju, Chairman of the Company in his personal capacity and
Sri Vishnu Educational Society stood as guarantors for the said loan.

6. Deferred Tax Asset / Liability:

In accordance with Accounting Standard 22 "Accounting for taxes on
Income" issued by the companies (Accounting Standards) Rules 2006.

8. Previous year's figures have been re-grouped / reclassified
wherever necessary to conform to the current year's classification.

Mar 31, 2010

1. CONTINGENT LIABILITIES NOT PROVIDED FOR:

i) Disputed Income Tax demands year 1998-99 Rs. 6.80 lakhs (previous
year Rs.6.80 lakhs). ii) Disputed Income Tax Liability for A.Y.2004-05
Rs.9,77,706/- towards lease income from buildings in respect of which
the company has filed an appeal with Commissioner Income Tax (Appeals).

2. The company has been advised that its present practice of
recognizing income on rentals though presently disputed by Income Tax
Department will ultimately be decided in favour of the Company.

3. Buildings situated at Bhimavaram, W.G.District are constructed on a
land belonging to Sri Vishnu Educational Society, a society registered
under the Public Registration Societies Act, 1 860.

6. The term loan from Indian Overseas Bank, Bhimavaram Branch, is
secured against the Lease Rentals receivable on the buildings let out
to Sri Vishnu Educational Society, Bhimavaram. Further they are secured
by equitable mortgage on land and building situated at Bhimavaram. Sri
K.V.Vishnu Raju, Chairman of the Company in his personal capacity and
Sri Vishnu Educational Society stood as guarantors for the said loan.

7. Deferred Tax Asset / Liability:

In accordance with Accounting Standard 22 "Accounting for taxes on
Income" issued by the Institute of Chartered Accountants of India, the
company has a Net Deferred Tax Liability aggregating to Rs.55,80,362/ -
(Previous Year Net Deferred Tax Liability Rs.41,68,998/-).

8. Previous years figures have been re-grouped / reclassified
wherever necessary to conform to the current years classification.